Give one point of difference between Microeconomics and Macroecon… - Vidyadip

Question

Give one point of difference between Microeconomics and Macroeconomics.

✓

Answer

Microeconomics is the study of individuals and small groups of individuals whereas Macroeconomics studies the aggregates of an economy.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Introduction→Introduction — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Classify the into durable, non-durable, semi-durable or service.
Washing soaps.

Distinguish between a factor payment and a transfer payment.

There is increase in investment of ₹ 1000 crore in an economy. MPC is zero. What is the total increase in income? Calculate.

Explain the central problem “what to produce.”

Giving reasons, state whether the following statements are true or false.

When MPC is zero, the value of investment multiplier will also be zero.
Value of Average Propensity to Consume can never be less than zero.

Explain the effect for depreciation of domestic currency on exports.

If in an economy:

Change in initial Investments $(\triangle\text{I})=\text{₹ 500 crores}$

Marginal Propensity to Save (MPS) = 0.2

Find the values of the following:

Investment multiplier (k)
Change in final income $(\triangle\text{Y})$

Where is 'borrowings from abroad' recorded in the Balance of Payments Accounts? Give reasons.

State any three functions of money.

Giving reason, classify the into factor income or transfer income.
Birthday gift received from a friend.